All my trades are done in cycles, I look to see what is about to happen based on the S&R. I am bullish up to the trading range above, and for the price to hit that bottom of the range, but I execute on micro time scales (4hr 1hr 30 etc) with macro S&R (2month, month, bi weekly, weekly) I wait for price to hit these key levels and wait for price action signals to confirm the potential move up or down. This way you can maximise movements instead of having a huge drawdown before you get into profit. I'd like to believe if we get strong enough price action or a high time frame bullish close, to take us to the top range. If we go bearish but as the black lines show these are what I believe the future playouts to be within this pair. over the next few days maybe weeks as this is a 4hr time frame. I don't post these to gain publicity I actually only post these to keep a journal of my trades, if they help you then thats brilliant.
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